Intergenerational Wealth Preservation
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General Disclaimers June 21, 2024
Insurance Portfolio Overlay Management
Israel M. Lustig, CLU CFP
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General Disclaimers

Intergenerational Wealth Preservation, Inc. (“IWP”) performs GENERAL CONSULTING, and is not a substitute for legal, tax, accounting, investment, actuarial, or securities- based insurance advice.

IWP does none of the actual implementation.

It is at all times the clients’ responsibility to communicate all information and instructions, directly to their advisors and vendors.

The services that IWP provides are limited to general consulting. IWP does not provide any products. Affiliates of IWP may provide products or services other than general consulting services such as those offered by IWP, and IWP is not obligated or liable for any of the offerings of such affiliates, also, the affiliates are not obligated or liable for the general consulting services of IWP.

The IWP engagement letter specifically defines the scope of the IWP engagement and IWP is not responsible for any services, other than those specifically enumerated in the clients’ engagement letter and in all events IWP is not responsible for any products.

Under no circumstances shall IWP have any responsibility for the accuracy of any actuarial assumptions, tests, reports, filings, nor is it responsible for the accuracy of any statement, or projections of any form.

IWP is not responsible for any aspects of any defined benefit plan, or any defined contribution plan (“Plan”), or any Individual Retirement Account, of any form, including, any provisions in the Plan, or any agreements outside the Plan, which must be included, or removed, to accommodate all aspects of the insurance, as listed (but not limited to) in the preceding paragraph.

IWP is not responsible for any filings or reporting, including updates (increase/decrease/alternatives), or government reporting requirements, such as, (but not limited to), Table 2001 1099/8886:Reportable Transaction Disclosure Statements, or for assuring the nondiscrimination of benefits.

IWP does not have any responsibility for the ultimate amount of insurance death benefit which will be payable to beneficiaries, or identifying the correct beneficiaries.

IWP is not a fiduciary.

IWP is not an agent of any advisors or vendors.

IWP does not offer any legal, accounting, non-recourse premium financing or securities-based insurance, tax, actuarial, or investment advice.

IWP general consulting does not include services or products which are or should be provided by a TPA, CPA, ERISA Attorney, any Attorney, Investment Professional, Insurance Professional, ERISA Bond Company, such as (but not limited to): plan design, projecting the true (costs, commitments, liability exposure, payout restrictions)  implementation,  record-keeping, administration,  investments (and its limitations) , insurance (and its limitations), fiduciary standards and responsibilities, ERISA Bond sufficiency, assets titled in the correct account/sub-account, compliance, employee communication, actuarial services, distribution  timing, payout options, designation of beneficiary options, tax guidance, government reporting, and monitoring or any form of keeping you abreast of changes, updating.

The following notice should NOT infer that we offer any tax advice. TAX ADVICE DISCLOSURE:
In order to ensure compliance with requirements imposed by the IRS on practitioners who render tax advice (IRS Circular 230), we inform you that any U.S.  federal tax advice, which may be deemed to be contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

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